Global “3D Mapping and 3D Modelling Market” is expected to an extensive growth during the forecast period 2018-2023. 3D Mapping and 3D Modelling Market report provides in detail analysis of market with revenue growth and future trends. report includes the forecasts, market size, share estimates and profiles of the leading industry Players.

The 3D Mapping and Modelling Market was valued at USD 8.97 billion, in 2019, and is expected to register a CAGR of 20.94%, over the forecast period (2019-2024). With major investments ongoing for 3D maps applications to be integrated with smartphones, market players, such as Samsung, Nokia, and other OEMs, are entering this market. Online web services players, such as Amazon and Microsoft, have also started offering 3D maps on their platforms.

Apart from major smartphone OEMs, smartphone component manufacturers are also entering this lucrative market. For instance, Parrot, a global leader in wireless devices for mobile phones, has positioned its consumer drones for 3D modeling, mapping, and agricultural uses. The advent of 3D-enabled Display Devices is boosting the growth of the 3D Mapping and 3D Modelling market over the forecast period.Advancement of 3D Scanners, 3D Sensors, and Other Acquisition Devices are positively impacting the growth of the market over the forecast period.

Scope of the Report

3D mapping & modeling technologies are one of the fastest ways to build 3D environments in the highly demanding market. 3D mapping solutions quickly creates 3D maps of the surroundings, with utmost clarity and accuracy, ready to plug into professional visualization operations. With major investments ongoing for 3D maps applications to be integrated with smartphones, market players, such as Samsung, Nokia, and other OEMs, are entering this market. Online web services players, such as Amazon and Microsoft, have also started offering 3D maps on their platforms.

Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

3D Mapping and 3D Modelling Market by Companies

Autodesk Inc.

Saab AB

GOLDENSOFTWARE

LLC

Trimble Inc.

Intermap Technologies

The Foundry Visionmongers Ltd.

Key Market Trends

Automotive to Witness Significant Growth

The future for various industries is 3D mapping & modeling, and the future factory will be composed of several industrial-sized printers. The car and automotive sector is one area likely to be affected significantly.

Driverless cars have many different kinds of sensors – including cameras, lidar, and radar – but they are not yet capable of fully understanding what they see. For example, before an autonomous car approaches a junction, it needs to know exactly where the traffic light will be. Because of this, driverless cars need highly detailed 3D maps of the roads they are to navigate, which is expected to boost the 3D mapping adoption.

Tesla, a company, focusing on driverless cars, and having a few models offering driverless capabilities, has started pushing new modules from MapBox, an open-source mapping platform for custom designed maps, and Valhalla, an open source routing engine for navigation, for increased safety, which is boosting the overall market growth.

The increased use of 3D technology in the R&D department of the automotive industry propels the growth of the market in Europe, especially in Germany and the UK. This technology is used to design and engineer new vehicle models. For instance, Ferrari, based in Maranello, Italy, uses Autodesk 3D modeling software in the early stages of product development, before prototyping.

North America to Hold Major Share

North America is anticipated to hold a major share over the forecast period as the region has a strong automotive sector buoyed by the presence of major players and technologically advanced capabilities. Increased spending on infrastructure is pumping more money into the economy, creating more demand for consumer services and goods, which eventually increases investment in capacity increases of manufacturing facilities, retail establishments, and office space. The trend of growing population (309 million in 2010 to 327 million in 2017) also contributes to the growth of the construction industry in the United States and thus, the market for Building Information Modelling (BIM).The huge volume of adoption of connected vehicles in the United States clearly outlines a growing trend of connected cars, which proportionately pushes the need for better and enhanced navigation capabilities, thereby, driving the market growth.

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